RE: Convincing wealthy benefactors to back real AI research

From: Patrick McCuller (
Date: Fri Apr 27 2001 - 10:05:19 MDT

> In the current market, there is no WAY to raise $$ for a start-up
> with a substantial "pure R&D" function.

  I spend significant time working with startup companies in various
  industries and I would disagree that there is "no way" to raise
  money for pure R&D plays. It isn't easy. However, VC firms still
  have capital and still need to generate returns on that capital.

  Doug Bailey

      That's great news. Can you give me a few examples of pure R&D firms
that received VC funding in the last 6-12, or even 18 months? More
importantly, have any of them generated returns on capital to their funders?

      I'm beginning to seek funding for a non-pure-R&D project and I'm
curious how the market is doing for R&D stuff.

  Patrick McCuller

  Note: The information contained in this message may be privileged
and confidential and protected from disclosure. If the reader of this
message is not the intended recipient, or an employee or agent responsible
for delivering this message to the intended recipient, you are hereby
notified that any dissemination, distribution or copying of this
communication is strictly prohibited. If you have received this
communication in error, please notify us immediately by replying to the
message and deleting it from your computer. Thank you. Ernst & Young LLP


This archive was generated by hypermail 2.1.5 : Wed Jul 17 2013 - 04:00:36 MDT